#Gold- To break, or not to break?
After breaking under the important 1800 figure, Gold bulls have tried to reconquer this zone at least 3 times and failed each and every time.
This, for me, is a very bearish sign and I expect Gold to fall hard and deep.
As I said yesterday, 1750 support is no longer an important one, and if/when 1770 will fall, the next important stop can be 1720
Only Gold above 1800 and sustained buying above that zone would change my bearish opinion.
YOUNGFX
After breaking under the important 1800 figure, Gold bulls have tried to reconquer this zone at least 3 times and failed each and every time.
This, for me, is a very bearish sign and I expect Gold to fall hard and deep.
As I said yesterday, 1750 support is no longer an important one, and if/when 1770 will fall, the next important stop can be 1720
Only Gold above 1800 and sustained buying above that zone would change my bearish opinion.
YOUNGFX